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Friday, December 09, 2011

Obama Veto Threat To GOP On Payroll Tax Holiday Bill Shows His Only Concern Is Politics, NOT Jobs Or Energy Independence

So who is playing politics with the payroll tax holiday extension?

After the clock on the one year extension is about to run out, Richard Milhous Obama thinks he has an issue he can beat Republicans with. Some don't want to continue the tax holiday, because it pays for the ponzi scheme known as Socialist Security, which is going broke.

So John Boehner and the House GOP actually did something great. They came up with a REAL jobs bill that includes extending the payroll tax holiday (National Review Online).

The proposal also provides funding for a two-year “doc fix” to prevent significant scheduled reimbursement cuts for Medicare physicians, and contains a number of additional job creation and welfare reform measures, for example:
• Reforming unemployment insurance, using a two-step process to gradually reduce the maximum time of benefits eligibility from 99 to 59 weeks. Requiring recipients to be actively searching for work, enrolled in a GED program, or participate in a reemployment program as a condition for eligibility.
• Accelerating a decision on the Keystone XL oil pipeline, requiring a permit to be granted within 60 days unless “the president determines the project is not in the national interest.”
•Extending 100 percent business expensing through 2012 to encourage investment.
• Extending and reforms the Temporary Assistance for Needy Families (TANF) program, set to expire at the end of the year. Closes the so-called “”strip club loophole” so blocking access for welfare electronic benefit transfer (EBT) cards in strip clubs, liquor stores and casinos.

The House will pass the legislation early next week, putting pressure on the Senate, which has repeatedly failed to pass its own version of the payroll tax extension, to act. It is also a direct challenge to President Obama, who has threatened to “reject” any measure to extend the payroll tax cut that includes “extraneous” provisions, namely the one relating to the Keystone XL pipeline.

“If the President is serious about his commitment to get the economy going and help small businesses create jobs in this country, he’ll work with us and sign this bill,” said House Majority Leader Eric Cantor (R., Va.).

UPDATE: Cantor’s office points out that many (more than 90 percent) of the “pay-for” measures in the House bill are drawn directly from President Obama’s September 2011 “jobs” proposal.

But Obama's plan isn't about cutting taxes or creating jobs, it's about punishing the rich. That's how he wants to pay for this tax holiday, but adding a surtax on millionaires.

Smooth move! Just like the phony "Jobs Bill" Obama pushed, nothing but a tax hike on the rich disguised as a job creation act. Everything with this Regime and his party is a political ploy, like a big cow patty from a feedlot covered in icing and passed off as chocolate cake.

Bottom line...Obama doesn't care about extending the payroll tax, nor does he care about creating jobs. He just wants the issue to bash Republicans over the head with.

Good for Boehner, Cantor and the House GOP for calling Obama on his bluff.